A libertarian YouTube user published this short video that lists many things that libertarians do and should cease doing immediately. I know I am guilty for at least one of the things (turning everything into a political argument, except art, though). What do you do in this list? Should there be more things libertarians need […]
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Former Federal Reserve Chairman Paul Volcker gets confronted on $16 trilllion Fed bailouts
It should be no secret now that the Federal Reserve issued $16 trillion worth of bailouts domestic and international financial institutions, although the federal government and the central bank like to have the American people believe it was just $787 billion as part of the Troubled Asset Relief Program (TARP). The full Government Accountability Office […]
Mark Dice asks Black Friday shoppers how much more debt they took on
Americans are going deeper into debt to consume when they should be saving. Of course this is the result of artificially low interest rates created by the Fed, which encourage debt and consumption rather than saving and thrift. Peter Schiff also commented on this phenomenon.
Canada’s national debt passes $600 billion mark, interest hits $31 billion per year
$600 billion and counting… Canada’s national debt officially hit the $600 billion mark for a fraction of a second on Saturday, Nov. 24 at 11:19 p.m. Of course, it then continued on and is now at $600,122,785,305.01 (at the time of this writing). The nation’s debt load is rising $74.6 million per day, $3.1 million […]
Foreign holdings of U.S. Treasury securities rise to $5.46 trillion
The Treasury Department announced Friday that foreign holdings of United States Treasury securities rose to $5.46 trillion in September, up 0.1 percent from the month prior. Foreign demand rose for the ninth straight month. Analysts are concluding that foreign investors are confident in the U.S., even though it is going through fiscal cliff talks, a […]